According to the Agreements concerning Secondary Market Issuance and Market making in Treasury Securities dated 11 March 2016, securities lending in RIKB 28 1115 to each primary dealer will be increased from 1 b.kr. nominal value up to 2 b.kr. nominal value.

These terms shall take effect after 11:00 am on Wednesday 8 March 2017.

Today the Government Debt Management on behalf of the Treasury and primary dealers signed agreements regarding Issuance and Market Making in Treasury securities. The objective of the agreements is to maintain the Treasury’s access to financing and to enhance price formation in the secondary market for Treasury securities.

As of 1 April 2019, four financial institutions have been appointed as “primary dealers in Treasury securities”. They are: Arion Banki hf., Islandsbanki hf., Kvika banki hf. and Landsbankinn hf.

The Minister of Finance assigns the Government Debt Management within the Central Bank of Iceland the task of concluding agreements concerning issuance of Treasury securities and market making in the secondary market.

As stated in paragraph 5 of Terms of Invitation to Tender for Treasury bonds, the Government Debt Management offered the equivalent of 10% of the nominal value sold in the auction 21 February, at the price of accepted bids. This time Primary Dealers did not exercise their right to purchase in RIKS 26 0216. Total outstanding nominal value of RIKS 26 0216 is now 14,462,700,000 kr. Settlement date is 26 February 2019.